This issue is filled with great insights and expert commentary on areas that are relevant to the legal landscape and highlight how the business community is embracing technology, media and telecommunications. There are various topics covered, from new ways of working and digital transformation in the finance sector to data protection regulatory updates and guidance. We also have a series of articles that focus on e-commerce across a number of jurisdictions.
You will also find insights from our lawyers around real estate analytics, tech trends, and data centres.
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On 08 April 2021 the Federal Maritime Authority of United Arab Emirates (FMA) issued ‘Circular No. (04) Of 2021’ notifying ship owners, Manager, operators, UAE port authority, Classification societies, shipping Agents in the UAE and IG of P&I that effective from 23rd of June 2021 , all UAE flagged ships including oil tankers over 1,000 gross tonnage is required to obtain the Bunker Convention Certificate from FMA. The FMA will issue the Bunker convention certificate upon presenting a valid blue card issued by a member of the International Group of Protection and Indemnity Clubs (IG).
The implications for vessels entered with P&I insurers outside of the IG will be considerable, and ship owners and their insurers should be mindful of the new implemented Circular.
Fortunately, the FMA declared that the certificates issued for UAE flag ships before 23rd June 2021 by other Flag Administrations will remain valid until their expiration date. We are aware that negotiations between some of vessel owners, their insurers and the FMA, are ongoing to obtain exemption from the said requirement.